Saccos

Stima Sacco was founded in 1974 to address the needs of the then East African Power & Lighting Company’s employees, but it now includes workers from all industries, business organizations, and corporations among its membership. The goal was and still is to offer members a safe shelter for savings, make available credit at reasonable rates, and pay exceptional dividends. With a sizable asset base, membership, innovative products, and exceptional dividends, the Sacco has developed into one of the nation’s top financial partners. Membership in Stima Sacco is available to all Kenyans in every country, including residents and non-residents. Upon meeting the prerequisites for membership opening, the Sacco allows eligible individuals, groups, or corporations to join the society. ALSO CHECK: List of Stima Sacco Branches and Contacts Who is the Board of Directors of Stima Sacco? 1. Osman Khatolwa was elected director of Stima Sacco in 2015 and honorary secretary on April 5, 2017. 2. Eng. Albert Mugo was elected to […]

What is a SACCO? A SACCO is an abbreviation for Savings and Credit Co-Operative Society. It’s a member-based financial institution owned and controlled by its members, who are also the customers using its services. The business model of most SACCOs is to collect savings from their members and to intermediate them into loans. This enables the

What is a SACCO? A SACCO is an abbreviation for Savings and Credit Co-Operative Society. It’s a member-based financial institution owned and controlled by its members, who are also the customers using its services. The business model of most SACCOs is to collect savings from their members and to intermediate them into loans. This enables the

A Sacco is not merely a financial institution; it is a lifeline, a community, and an instrument of empowerment. With deep roots in Kenyan society, Saccos have emerged as a beacon of hope for individuals and communities, offering a path to financial stability and prosperity. So, let’s talk about Metropolitan National Sacco, how you can

A Sacco is not merely a financial institution; it is a lifeline, a community, and an instrument of empowerment. With deep roots in Kenyan society, Saccos have emerged as a beacon of hope for individuals and communities, offering a path to financial stability and prosperity. So, let’s talk about Simba Chai Sacco, how you can

Joining a Sacco (Savings and Credit Cooperative) in Kenya offers numerous advantages. First, it provides members with a convenient platform to save and access affordable credit, promoting financial stability and independence. Saccos often offers competitive interest rates on savings and loans, surpassing those of traditional banks. Sacco members can also benefit from collective bargaining power,

Balozi Co-operative Savings and Credit Society Ltd is a leading SACCO for embassies, their affiliate agencies in Kenya, and other organizations. Balozi was founded and registered on 14th July 1975 with the Ministry of Co-operative Development (now known as Ministry of Agriculture, Livestock, Fisheries and Co-operatives)  under the Co-operative Society Act. In July 2021, Balozi was among

The Kenya Medical Association SACCO (KMA SACCO) is a cooperative society that has been in existence since 1998. It operates as a financial institution and serves a strong membership of more than 6500 members across Kenya and beyond. KMA SACCO is regulated by the Sacco Societies Regulatory Authority (SASRA), which ensures that it complies with